- Petitioner
- The Hongkong & Shanghai Banking Corporation
- Respondent
- Vicente Aldanese
- Citation
- G.R. No. 22071
- Court
- Supreme Court En Banc
- Division
- En Banc
- Ponente
- Romualdez, J.
- Decided
- October 9, 1924
Summary
The Hongkong & Shanghai Banking Corporation sued when it could not obtain merchandise already delivered to Vamenta & Co. who had withdrawn goods using a customs bond before presenting proper documentation. The banking corporation held the legitimate bill of lading showing merchandise value significantly higher than declared. The Collector of Customs was forced to pay the banking corporation and sought reimbursement from the bond parties. The Supreme Court affirmed the lower court's judgment holding Vamenta parties liable for the full amount paid by the Collector, with Union Guarantee Co. as surety liable only up to the bond amount of P9,450. The Court applied Civil Code provisions regarding payment application when partial payments are made.